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MNI China Daily Summary: Monday, October 23

MNI BRIEF: Inflation Down, Deficits Up - Bundesbank Report

MNI BRIEF: China To Reach Target of 5% GDP Growth - Lou Jiwei

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: Netherlands, UK, Germany Due Tues

BoC Data Watch

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

Little Change For NY Fed Inflation Expectations Amidst Further Credit Tightening

US DATA
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Markets NewsEnergy BulletsBulletMarketsFixed Income NewsForeign Exchange News
  • The NY Fed consumer survey showed 1Y ahead expectations increased slightly from 3.55% to 3.63%, mostly consolidating its sizeable moderation lower over the past year.
  • Some conflicting moves in medium-term measures, with the 3Y easing further from 2.91% to 2.79% for its lowest since Mar’23 whilst the newer 5Y measure re-accelerated a tenth back to 3.0%.
  • These medium-term measures have in the past three months moved back consistent with the 5-10Y U.Mich equivalent.
  • Of note within the NY Fed consumer survey, "Perceptions of credit access compared to a year ago deteriorated in August, with the share of households reporting it is harder to obtain credit than one year ago hitting a new series high. Expectations for future credit availability also deteriorated in August, with the share of respondents expecting it will be harder to obtain credit in the year ahead increasing."

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  • The NY Fed consumer survey showed 1Y ahead expectations increased slightly from 3.55% to 3.63%, mostly consolidating its sizeable moderation lower over the past year.
  • Some conflicting moves in medium-term measures, with the 3Y easing further from 2.91% to 2.79% for its lowest since Mar’23 whilst the newer 5Y measure re-accelerated a tenth back to 3.0%.
  • These medium-term measures have in the past three months moved back consistent with the 5-10Y U.Mich equivalent.
  • Of note within the NY Fed consumer survey, "Perceptions of credit access compared to a year ago deteriorated in August, with the share of households reporting it is harder to obtain credit than one year ago hitting a new series high. Expectations for future credit availability also deteriorated in August, with the share of respondents expecting it will be harder to obtain credit in the year ahead increasing."